Intelligent Systems Reports Preliminary Second Quarter 2019 Results
Intelligent Systems Corporation (INS)
NASDAQ:AMEX Investor Relations:
verint.com/investor-relations/index.html
Company Research
Source: GlobeNewswire
NORCROSS, Ga., July 23, 2019 (GLOBE NEWSWIRE) -- Intelligent Systems Corporation [NYSE American: INS; www.intelsys.com] announced today its preliminary financial results for the quarter ended June 30, 2019. Leland Strange, President and CEO stated “As we did last quarter, we want to, where practical, let our shareholders know as soon as we know how the company performed in the previous quarter. We are pleased to report preliminary second quarter 2019 revenues of approximately $7.5 million and preliminary income from operations of $2.5 to $2.7 million. Both numbers are significantly higher than the same period a year ago. Those numbers do indicate a slight percentage operating margin erosion from first quarter 2019 as a result of an increase in legal and advisory expenses as well as some employee bonuses that recognize the extraordinary effort of some of our employees in our push to get ready for a large license deployment.” “My standard earnings boiler plate is applicable as I re
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